tldr; In 2023, Binance has significantly contributed to the reduction of crypto crime by enhancing collaboration with law enforcement agencies and leveraging blockchain technology’s transparency. The company’s efforts include responding to nearly 60,000 law enforcement requests and providing extensive training to detect and combat crypto crimes. Binance’s proactive measures have led to a decrease in the share of illicit transactions in the overall crypto transaction volume, showcasing the effectiveness of blockchain in monitoring and combating financial crimes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; In 2023, Binance has significantly contributed to the reduction of crypto crime by enhancing collaboration with law enforcement agencies and leveraging blockchain technology’s transparency. The company’s efforts include responding to nearly 60,000 law enforcement requests and providing extensive training to detect and combat crypto crimes. Binance’s proactive measures have led to a decrease in the share of illicit transactions in the overall crypto transaction volume, showcasing the effectiveness of blockchain in monitoring and combating financial crimes.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.